Compare Workday Adaptive Planning and XLReporting - Mar 2022

Shlomi LaviShlomi Lavi / Mar 09, 2022

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Bottom Line: Which is Better - Workday Adaptive Planning or XLReporting?

Workday Adaptive Planning is more expensive to implement (TCO) than XLReporting, Workday Adaptive Planning is rated higher (94/100) than XLReporting (80/100). Workday Adaptive Planning offers more features (15) to their users than XLReporting (5).

Looking for the right Budgeting & CPM solution for your business? buyers like you are primarily concerned about the real total implementation cost (TCO), full list of features, vendor reliability, user reviews, pros and cons. In this article we compare between the 2 software products:

How Adaptive Planning compares with XLReporting?

Adaptive Planning: Adaptive Planning delivers an on-demand Corporate Performance Management (CPM) solution to over 1,500 clients and 50,000 users worldwide. Adaptive Planning provides powerful, easy-to-use, universally accessible software without the exorbitant costs or lengthy installations associated with enterprise performance management packages. No new hardware,...

XLReporting: We are a small team of finance and IT experts, specialized in financial reporting and planning processes. Lots of companies depend on complex and fragile Excel solutions for their reporting, consolidation, and budgeting. We help our clients to move away from that by providing them with powerful, flexible, and robust solutions. We developed XLRep...

Who's more expensive? Workday Adaptive Planning or XLReporting?

The real total cost of ownership (TCO) of Budgeting & CPM software includes the software license, subscription fees, software training, customizations, hardware (if needed), maintenance & support and other related services. When calculating the TCO it's important to add all of these "hidden cost" as well. We prepared a TCO calculator for Workday Adaptive Planning and XLReporting.

Workday Adaptive Planning price starts at $15,000 per license , on a scale between 1 to 10 Adaptive Insights is rated 8, which is higher than the average cost of Budgeting & CPM software. XLReporting price starts at $599 per month , when comparing XLReporting to their competitors, the software is rated 2 - much lower than the average Budgeting & CPM software cost.

Bottom line: Workday Adaptive Planning is more expensive than XLReporting.

Which software includes more/better features?

As with any business software solutions, it’s important to consider the features & functionality. The tool should support the processes, workflows, reports and needs that matter to your team. To help you evaluate this, we've compared Workday Adaptive Planning Vs. XLReporting based on some of the most important and required Budgeting & CPM features. Workday Adaptive Planning: this software is considered "feature-rich" with more than 10 important features, here is a partial list: Ad-Hoc Analysis, Ad-Hoc Reporting, Automatic Scheduled Reporting, Dashboarding, Forecasting & Budgeting, Performance Measurements, Predictive-Analysis, Profit Analysis. XLReporting: Version Control, Budgeting & Forecasting, Financial reporting, Capital Asset Planning, Forecasting.

Target customer size

Workday Adaptive Planning is intended for large enterprises looking for easier ways for preparing cash flow projections, balance sheet forecasting and sales planning. The typical clients utilizing XLReporting are those belonging to the small (with 10 – 100 employees) to medium-sized (with 100 to 1,000 employees) enterprises that make use of the services offered by the IT sector, data hosting and other related information services, particularly in the field of visual analytics and business intelligence.

Workday Adaptive Planning

ITQlick rating
(4.5/5)

starts at $15,000 per license

Adaptive Insights software is a cloud-based, SaaS, Business planning solution that offers tools for forecasting, budgeting, and reporting. The software removes the need for new software or hardware for installa...

Categories: Accounting Practice Management, Budgeting & CPM, Financial reporting, Payroll Accounting.

XLReporting

ITQlick rating
(2.8/5)

starts at $599 per month

XLReporting is a web-based software offering users with functionalities such as budgeting, reporting solutions, and financial consolidation that can be integrated with Excel. It is also possible to link this to...

Categories: Audit Management, Budgeting & CPM, Financial reporting, Visual Analytics.

Compare specifications

Compare features

Workday Adaptive Planning: 15 Features

Ad-Hoc Analysis
Ad-Hoc Reporting
Automatic Scheduled Reporting
Dashboarding
Forecasting & Budgeting
Performance Measurements
Predictive-Analysis
Profit Analysis
Balance Sheet
Capital Asset Planning
Cash flow/cash budget
Forecasting
Multi-Department / Project
Revenue budget
Sales budget

XLReporting: 5 Features

Version Control
Budgeting & Forecasting
Financial reporting
Capital Asset Planning
Forecasting
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick score ITQlick Score is a 1 to 100, the calculation is based on pricing, and functionality Vs. alternative solutions
Pricing score pricing Score is a 1 to 10 (10 is high cost), based on the TCO (cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
License pricing license pricing (if provided by the software vendor)
Functionality score
Software review
Compare
Workday ...
ITQlick rating
4.5/5
Score
94/100
Pricing
8/10
License pricing
$15,000 per license
Functionality
28
Compare
XLReporting
ITQlick rating
2.8/5
Score
80/100
Pricing
2.8/10
License pricing
$599 per month
Functionality
9
neubrain...
ITQlick rating
3.8/5
Score
92/100
Pricing
4/10
License pricing
$10,000 per license
Functionality
17
Budgyt
ITQlick rating
4.9/5
Score
89/100
Pricing
3/10
License pricing
$399 per month
Functionality
3
Review
PlanGuru
ITQlick rating
4.2/5
Score
87/100
Pricing
2.8/10
License pricing
$99 per month
Functionality
22
Author

Shlomi Lavi

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Shlomi holds a Bachelor of Science (B.Sc.) in Information System Engineering from Ben Gurion University in Israel. Shlomi brings 15 years of global IT and IS management experience as a consultant, and implementation expert for small, medium and large size (global) companies.